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Alimony

Also referred to as "spousal support," alimony is a monthly payment made by one spouse to another in accordance to either a settlement agreement or a court decision. The purpose of alimony is to correct for any unfair economic effects of a divorce on one party, such as when a stay-at-home parent suddenly needs a source of income. FindLaw's Alimony section covers the basics of spousal support, the various different types of support, including temporary and lump-sum alimony, how to determine eligibility, calculating payment amounts, important records to save when paying or receiving alimony and much more. You can also start by downloading FindLaw's Guide to Spousal Support [pdf].
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